Most aspirants are unlikely to disagree with the fact that it’s quantitative ability that is pivotal in most of the competitive examinations. In recent times it has got more prominence considering the fact that the cut-off has grown exponentially and it’s Mathematics that can help you secure the maximum marks provided correct approach and strategies are applied.
We make our best efforts to analyze and segregate those questions which are either based on new patterns or frequently repeated in last few years. Sincere efforts are required to be made to make sure these sums are solved within stipulated time because time management plays vital role in any exam particularly in Banking exams. There is prominent evidence to suggest that only precise strategies together with practicing relevant sums can help you break the cut-off barrier.
In other words, it’s not only how you solve but what you solve too can be deciding factor, that’s why we have attached some of the most prominent questions Simple Interest and Compound Interest of . Feel free to clarify, if you have any query, your inputs are always welcome.
simple interest accrued on an amount of `16,200 at the end
of three years at the rate of 25%? (Rounded off to two digits
after decimal.
(a) ` 3213.44
(b) ` 3302.42
(c) ` 3495.28
(d) ` 3290.63
(e) None of these
2. What would be the simple interest accrued in 4 years on a
principal of `16,500 at the rate of 16 p.c.p.a.?
(a) ` 11,560
(b) ` 10,250
(c) ` 12,500
(d) ` 9,980
(e) None of these
3. What is the difference between the compound interest and
simple interest accrued on an amount of `12,000 at the end
of three years at the rate of 12%?
(a) ` 539.136
(b) ` 602.242
(c) ` 495.248
(d) ` 488.322
(e) None of these
4.Mr X invested a certain amount in Debt and Equity Funds
in the ratio of 4 : 5. At the end of one year, he earned a total
dividend of 30% on his investment. After one year, he
reinvested the amount including the dividend in the ratio of
6 : 7 in Debt and Equity Funds. If the amount reinvested in
Equity Funds was `94,500, what was the original amount
invested in Equity Funds?
(a) `75,000
(b) `81,000
(c) `60,000
(d) `65,000
(e) None of these
5. The simple interest accrued on an amount of ` 22,500 at the
end of four years is ` 10,800. What would be the compound
interest accrued on the same amount at the same rate at the
end of two years ?
(a) ` 16,908
(b) ` 5,724
(c) ` 28,224
(d) ` 8,586
(e) None of these
6. What would be the compound interest obtained on an amount
of `7,640 at the rate of 15 p.c.p.a after two years?
(a) ` 2,634.9
(b) ` 2,643.9
(c) ` 2.364.9
(d) ` 2,463.9
(e) None of these
7. What will be the compound interest on a sum of ` 7500/- at
4 p.c.p.a. in 2 years ?
(a) ` 618/-
(b) ` 612/-
(c) ` 624/-
(d) ` 606/-
(e) ` 621/-
8.In how many years will ` 4600 amount to ` 5428 at 3 p.c.p.a.
simple interest ?
(a) 3
(b) 5
(c) 6
(d) 4
(e) None of these
9.What is the difference between the simple and compound
interest on ? 7,300/- at the rate of 6 p.c.p.a. in 2 years ?
(a) ` 29.37/-
(b) ` 26.28/-
(c) ` 31.41/-
(d) ` 23.22/-
(e) ` 21.34/-
10. Simple interest on a sum of money for 4 yr at 7 pcpa is
` 3584. What would be the compound interest (compounded
annually) on the same amount of money for 2 yr at 4 pcpa?
(a) ` 1162.32
(b) ` 1098.72
(c) ` 992.38
(d) ` 1231.76
(e) ` 1044.48
Answer
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